Oxbow Advisors LLC Increases Stock Position in Lowe’s Companies, Inc. $LOW

Oxbow Advisors LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,751 shares of the home improvement retailer’s stock after acquiring an additional 990 shares during the quarter. Oxbow Advisors LLC’s holdings in Lowe’s Companies were worth $5,713,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LOW. Fairway Wealth LLC purchased a new position in shares of Lowe’s Companies in the 1st quarter worth about $32,000. Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $33,000. Inlight Wealth Management LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $36,000. TruNorth Capital Management LLC bought a new position in shares of Lowe’s Companies during the 1st quarter valued at approximately $38,000. Finally, JNBA Financial Advisors boosted its stake in Lowe’s Companies by 147.1% in the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock worth $39,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.7%

LOW stock opened at $243.11 on Friday. The stock’s fifty day simple moving average is $255.14 and its 200-day simple moving average is $234.62. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $285.24. The stock has a market capitalization of $136.34 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.09. The company had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.10 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is presently 39.44%.

Insider Transactions at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the sale, the chief executive officer directly owned 249,043 shares in the company, valued at approximately $65,772,256.30. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 in the last three months. 0.27% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank Of Canada increased their price target on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a report on Thursday, August 21st. Gordon Haskett raised Lowe’s Companies to a “hold” rating in a report on Wednesday, August 13th. KeyCorp lifted their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Mizuho boosted their price objective on Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $282.91.

Lowe’s Companies Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.